Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: HTX against Arcus−0.058%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now −0.058%, 7d avg −0.044%

Together, before fees−0.199%−$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	117.01	0.0100	pay 0.0013% / 1h	0m 45s	$927K	$9.1M	20x
Short	HTX SOL-USDT	116.94	0.0100	get 0.0100% / 8h	4h 00m	$226.8M	$47.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee HTXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.044%: −$1.4
Slippage, 4 orders: −$2.32
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$20.22
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; HTX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 3 min ago	0.51 bp	3.3 bp −$3	4.1 bp −$41	9.6 bp −$960	doesn't fit
Sell HTX live order book, 3 min ago	0.00 bp	6.0 bp −$6	8.6 bp −$86	22.1 bp −$2,206	53.0 bp −$26.5K

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	−0.0168%	1h	116.84	−0.150%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0098%	1h	116.89	−0.104%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.85	−0.136%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.96	−0.046%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.03	+0.013%	$1.4M	$18.8M	3.1x	as long as short
dYdX SOL-USD	+0.0003%	1h	116.96	−0.045%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0016%	1h	116.87	−0.122%	$1.9M	$2.8M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.01	−0.002%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.95	−0.056%	$7.5M	$404.8M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.93	−0.070%	$31.1M	$99.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0093%	8h	116.94	−0.058%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.94	−0.059%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.91	−0.087%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.94	−0.061%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.99	−0.019%	$51K	$872K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.03	+0.013%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.94	−0.063%	$5.4M	$39.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.01	−0.002%	$706.5M	$394.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.92	−0.078%	$175.0M	$182.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.01	−0.003%	$15.8M	$129.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.96	−0.044%	$974.4M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.90	−0.096%	$782.5M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.93	−0.070%	$369.8M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.87	−0.121%	$231K	$837K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	117.01	long leg	$927K	$9.1M	20x
Bulk SOL-USD	+0.0100%	1h	116.70	−0.269%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.91	−0.087%	$842.8M	$667.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.94	−0.062%	$372.8M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.91	−0.085%	$129.3M	$220.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.89	−0.103%	$480.1M	$441.1M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.90	−0.097%	—	$365.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.94	−0.062%	$23.3M	$39.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.91	−0.083%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.78	−0.198%	$93.8M	$397.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.84	−0.147%	$47.8M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	−0.121%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.79	−0.190%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.95	−0.053%	$322K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.96	−0.047%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.93	−0.068%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.92	−0.081%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.93	−0.070%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDTshort	+0.0100%	8h	116.94	−0.058%	$226.8M	$47.4M	75x
Phemex SOLUSDT	+0.0100%	8h	116.96	−0.044%	$45.7M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.87	−0.122%	$8.3M	$37.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.87	−0.119%	—	$231.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.72	−0.250%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.99	−0.019%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0139%	1h	116.98	−0.025%	$26.4M	$23.5M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.93	−0.071%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.95	−0.053%	$52.1M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.95	−0.051%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	117.00	−0.014%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0517%	1h	116.82	−0.161%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	117.07	+0.048%	$1.9M	$4.8M	20x	as long as short